For a wonderful juxtaposition of deception and candor in two consecutive sentences, consider this from Tuesday’s lead editorial in the New York Times:
“…higher taxes for top earners is necessary for the nation to begin to raise the revenue it needs. And until the rich pay more, there will never be a national consensus for tax increases on middle-income Americans, which will eventually be needed to further curb long-term deficits.”
The first assertion — that higher taxes on “top earners” have any real impact on total tax revenues — has by now been so thoroughly discredited that I am actually kind of surprised that even the Times would try throwing that particular knuckleball past its readers. But it’s that second sentence that’s a stunner.
I am elated that the Times finally is willing to admit with such casual ease that the government’s ambition is not to raise taxes on the wealthy, but to raise taxes on everyone.
This should send a chill down the collective spine of all the minnows who thought Leviathan’s appetite was confined to whales. But it is also refreshing to know that the Times is willing to acknowledge the need “to further curb long-term deficits.” ”Eventually,” of course.